Weight Watchers IPO tips scales
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November 14, 2001: 5:19 p.m. ET
IPO from weight loss services provider raises $417.6M, DJ Ortho comes in at $153M
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NEW YORK (CNN/Money) - The initial public offering from Weight Watchers International Inc. tipped the scales at $417.6 million late Wednesday.
Woodbury, N.Y.-based Weight Watchers sold 17.4 million shares at $24 each via Credit Suisse First Boston and Goldman Sachs.
Weight Watchers boosted the price range Wednesday of the offering to $23 to $24 from $21 to $23.
The company is a provider of weight loss services and will trade Thursday on the New York Stock Exchange under the symbol "WTW."
Separately, DJ Orthopedics Inc., which makes sports medicine products, raised $153 million when it sold 9 million shares at $17, the middle of its $16-$18 price range. Goldman Sachs and J.P. Morgan were lead underwriters on the deal which will trade as "DJO" on the NYSE
Bam! Entertainment Inc., a developer of interactive entertainment software, is also expected to price Wednesday. Led by Jefferies & Co. and Morgan Keegan & Co., Bam! plans to price 4 million shares at $8-to-$10 per share and trade as "BFUN" on the Nasdaq.
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